Page 2 - Loan

Reserve Bank of India eases provisioning rules for infrastructure loans

The Reserve Bank of India proposed in May last year that lenders should set aside 5% of the loan value for an infrastructure project being built to cover risks

Pakistan signs $1 bn syndicated financing deal for 5 years amid crisis

Pakistan signed a five-year long-term syndicated financing facility for USD 1 billion, indicating strong support from leading financiers amid the country's ongoing economic crisis. The Dubai Islamic Bank acted as the Sole Islamic Global Coordinator while Standard Chartered Bank is the Mandated Lead Arranger and Book-runners, a finance ministry statement said on Wednesday. Other financiers include Abu Dhabi Islamic Bank as the Mandated Lead Arranger and Sharjah Islamic Bank, Ajman Bank and HBL as Arrangers, it said. The Ministry of Finance has signed a syndicated term finance facility of USD 1,000 million partially guaranteed by a policy-based guarantee of the ADB (Asian Development Bank) programme Improved Resource Mobilisation and Utilisation Reform', said the statement. The facility is a landmark transaction for the Government of Pakistan that demonstrates strong support from leading financiers in the region. This is a five-year multi-tranche facility including both Islamic and .

HDFC Bank CEO Jagdishan moves Bombay HC to quash FIR by Lilavati Trust

The FIR by Lilavati Trust accuses Sashidhar Jagdishan of accepting ₹2.05 crore from members of the Chetan Mehta Group in exchange for helping them retain control over the Trust

HDFC Bank-LKMM Trust row escalates amid claims over loan irregularities

As LKMM Trust questions the existence of a loan and cites missing documentation, HDFC Bank calls the allegations false and prepares for legal action to protect its interests

Bain Capital gets $136 mn buyout loan for Indian auto parts maker Dhoot

The five-year facility is split into a $111 million term loan and a $25 million revolving credit facility, said the people, who asked not to be identified discussing private matters

Is foreclosing a loan good or bad for your credit score? Explained

Paying a loan before the full tenure is generally seen as a good sign by lenders

Vishwakarma scheme faces challenges with loan approval rate at just 28%

While a total of 13.93 lakh loan applications were submitted to PSBs, only 3.9 lakh were approved, highlighting a significant gap in the disbursement process

Rajiv Yuva Vikasam Scheme 2025: Check last date to apply and other details

The last date to apply for the Telangana government's flagship scheme, Rajiv Yuva Vikasam Scheme, is April 14. Here's all you need to know

Budget 2025-26: Higher loan limit may benefit 10% of KCC accounts

Even now, KCC loan limits are also gradually expanded periodically based on the repayment capacity and overall credit profile of the customer

Dealing with recovery agents, baking a cake: Top personal finance stories

Our weekly newsletter this week has stories on loan customers' rights and the boom in bakery business

Job changes and their significant impact on personal loan approval

Switching jobs means not having required number of salary slips or bank statements to verify your income, which can delay the approval process

Syngenta signs $ 4.5 bn sustainability-linked loan, Asia's largest in 2024

Borrowers in Asia-Pacific excluding Japan have raised $57 billion-equivalent of such facilities so far this year, a 19% jump from the same period in 2023, Bloomberg-compiled data shows

Shriram Finance in talks to borrow $1.2 bn in offshore loan for sector

The non-bank financial company will offer a multitranche deal split across currencies such as the dollar, euro and dirham, the people said asking not to be identified

Perils of the 'push' loan phenomenon and rural India's rising debt burden

Rural households are increasingly depending on borrowed money to meet everyday consumption needs, a practice that is not sustainable in the long run

Canara Bank led consortium seeks bids to sell Rs 1,226 cr loans in MMOPL

Mumbai Metro One is a SPV that is jointly owned by Reliance Infrastructure and MMRDA

EIB Global to provide 300 million euros loan for Bengaluru suburban railway

The European Investment Bank (EIB Global) will provide a 300 million euro (about Rs 2,800 crore) loan for Bengaluru suburban railway, a top official said on Friday. "This loan of 300 million euro is for building a new suburban railway network covering four dedicated rail corridors in Bengaluru. The network will stretch over a total of 149 km and include 58 stations and two depots" EIB Vice-President Nicola Beer said here. The project promotes a modal shift from road to rail and addresses congestion, air and noise pollution, road safety and greenhouse gas emissions while providing an affordable mobility solution to improve access to jobs and study opportunities, she said. Since 2016, EIB has provided loans worth 3.25 billion euro (about Rs 30,225 crore) for the transport sector across India, Beer said, adding that the country is the largest beneficiary of EIB transport financing outside Europe. Home to around 1.4 crore people and expected to reach 2 crore by 2030, Bengaluru is India

Loan portfolio of microlenders decline 2.3% in Q1, NPAs rise: Report

Loan portfolio of microlenders reduced by 2.3 per cent quarter-on-quarter to Rs 4.32 lakh crore in April-June while NPAs surged, a report said. Notably, for the last few months, microfinance institutions, banks and small finance banks which extend MFI loans, have been reporting challenges on this portfolio, and the regulator has also flagged the same. Over-leveraging among the borrowers is being flagged as a key aspect, impacting asset quality. The report by Crif High Mark, a credit information company said, there was 17.2 per cent increase in the borrowers having more than five active loan accounts in June when compared with the year-ago period, with highest growth seen in West Bengal and Karnataka. Nearly half of the rise in stress on an incremental basis when compared to the year-ago period came from borrowers who have five or more active loans, the company said. There was 31.2 per cent QoQ drop in the amount disbursed in the first quarter of FY25 at Rs 79,000 crore while the .

Pre-approved loans are easy but customers must choose options cautiously

Interest rates are a primary factor in deciding which loan to choose. Determine the exact loan amount you need based on your purpose

GST system overhaul needed as compensation cess repayment nears 2026

The tax came into being in 2017 with a promise to compensate state governments for revenue losses during the first five years

10 Best Payday Loans for Quick Cash: Cash Advance Apps & Alternatives

Secure quick cash when you need it most with the best payday loans. We review the top 10 companies that connect you with direct lenders.